Dogecoin Rises Despite Another Delay for U.S. DOGE ETF

Dogecoin’s price climbed nearly 7% on Friday, reaching around $0.265, even though the launch of the first U.S. Dogecoin exchange-traded fund has been delayed again. Bloomberg analyst said the Rex-Osprey DOGE ETF, which was supposed to list today, will now likely launch later next week. The company behind the fund has not explained the reason for the delay.

The DOGE ETF is unusual because it was approved under the Investment Company Act of 1940, a framework usually used for mutual funds. Unlike Bitcoin ETFs, it does not directly hold Dogecoin. Instead, it invests through a Cayman Islands subsidiary and uses derivatives, since the rules prevent a single-asset focus

Analysts say the impact of the ETF on Dogecoin’s price may be small. Bitcoin ETFs were important because many traditional investors could not access crypto directly. But most people interested in Dogecoin already trade it on exchanges.

The idea of a Dogecoin ETF has sparked debate. Some critics argue it only adds fees to something investors could buy on their own, while others see it as another step toward institutional acceptance of memecoins. Balchunas also pointed out that this may be the first U.S. ETF tied to an asset with "no real utility or purpose"

Meanwhile, Dogecoin is attracting more interest from companies. CleanCore Solutions announced it has bought $130 million worth of DOGE, reaching half of its goal of holding 1 billion tokens. Thumzup, a media company linked to the Trump family, also revealed plans to buy 3,500 Dogecoin mining rigs, calling DOGE one of the most widely held cryptocurrencies.

Hit if you have DOGE in your portfolio as well!